Anchor Land Holdings, Inc. (ALHI) was incorporated on July 29, 2004 primarily to engage in real estate development and marketing, focusing initially in high-end residential condominiums within the Manila area. It started business operations on November 25, 2005. ALHI also serves as the holding company of the Anchor Group.

ALHI's very first project was the Lee Tower in Binondo, which was completed in 2006. The Company followed this up with projects such as the Mayfair Tower along U.N. Avenue and the Mandarin Square in Binondo, Manila.

While most of its existing projects are in the vicinity of the city of Manila, ALHI is also looking for expansion and growth opportunities. It is currently building the Solemare Parksuites, an 18-storey twin tower residential condominium in Paranaque near SM Mall of Asia. Plans are also being developed to construct a 56-storey condominium in Binondo, Manila.

The Company is continuously looking for prime land that it can acquire and is not ruling out the possibility of branching out into horizontal developments (e.g. subdivision) in the future.

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NICHE DEVELOPER Anchor Land Holdings, Inc. grew its net income in the first quarter by double digits last year, buoyed by strong sales and the construction of ongoing residential projects, a disclosure to the local bourse showed yesterday.

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ANCHOR LAND Holdings, Inc. on Thursday said it will be doubling its efforts to deliver more projects in 2018, as it oversees the construction of leisure developments in Boracay and Coron, Palawan, alongside more residential properties inside Metro Manila.

The listed property developer said it will be strengthening its hospitality business next year, as it aims to be one of the major players in the industry in the future.

“For this year, we are not just limited to luxury office and residential developments in Metro Manila, Anchor Land is likewise intensifying its presence in other key locations all around the country,” Anchor Land Chief Executive Officer Steve Li was quoted as saying in a statement.

Anchor Land disclosed in June this year the purchase of a 26,000-square meter beachfront property in Boracay, which will be turned into a hotel and resort development. For Coron, the company acquired 3,000 sq.m. of land. The company will start construction for the projects in 2018.

“Recognizing the tremendous growth opportunities for hotel and resort developments, the company will formalize its entry to the vibrant hotel and tourism industry through these world-famous island tourism hubs,” according to the firm.

The company is targeting both end-users and vacation rentals for both properties, as well as time-share investors.

Anchor Land’s only project in the hospitality sector is currently Admiral Hotel, located along Roxas Boulevard with the company’s luxury residential developments, Admiral Baysuites and Admiral Grandsuites.

The company is also constructing Peak Parksuites in Davao City, set to cater to student tenants given its proximity to Ateneo de Davao University. Anchor Land also looks to attract transient traders, businessmen, and tourists for the project.

While pushing development into the provinces, the company noted Metro Manila will remain its “base of operations.” Anchor Land said it will be introducing Cosmo Suites in Aseana City, an emerging business hub located near Entertainment City. For Cosmo Suites, the company is targeting office and business process outsourcing workers in the area.

“Anchor Land is the first major developer to venture into this largely untapped market as they are very optimistic that they can create another unique market niche in the mini city,” the company said.

Also currently under construction is Copetone Baysuites in Entertainment City. This will be the firm’s third luxury condominium in this area, following SoleMare and Monarch Parksuites.

Meanwhile, the company has a total of 10 completed and ongoing projects in Binondo, Manila, considered one of its key markets.

Projects in the so-called Chinatown include Anchor Grandsuites, a luxury condominium slated to be the tallest residential project in Manila City.

Anchor Land is making its foray into the urban bed-spacing segment, targeting young employees who want to save time amid the worsening traffic in Metro Manila.

The company has unveiled the P1.5 billion Cosmo Suites, its first urban bed-spacing project, which will offer bed space to young employees and professionals.

Anchor Land chief executive officer Steve Li said the project would have two 16-story towers with over 800 units and 3,000 beds. Each unit will have at least four beds.

“Cosmo Suites aims to help improve the quality of life of employees. It becomes their halfway home near their workplace, allowing them to spend their time on more productive activities instead of being stuck in traffic for around three to four hours. We help them achieve work-life balance,” Li said.

Situated near the Bay City, Cosmo Suites will cater to the continuously increasing demand of business process outsourcing employees for quality, yet affordable urban dwelling spaces.

“We will limit the rental rates to equivalent to 25 percent of the average income of BPO employees,” Li said. “Unlike the usual dormitory and bed spacing, it provides young employees with a more secure and comfortable lifestyle. In addition to its round-the-clock security and CCTVs, each tenant will be given a security access key card,” Anchor Land said.

There will also be high-end amenities such as a 20-meter lap pool, fitness gym, knockdown basketball court, open lounge area, deck seating area, a garden deck and a food hall that offers affordable meals. Tenants are also provided free access to WiFi internet.

Anchor Land’s entry in the co-living industry is in line with its goal to increase its recurring income to 20 percent of its overall revenue by 2020.

The company also aims to build around 10,000 beds in the next three years.

Other property firms that have ventured into the dormitory business are Ayala Land, SM and DMCI Holdings Inc.